LKS Corporate Practice: Quarterly Update 2023 (April - June)

Foreword

We are pleased to present the latest edition of our quarterly newsletter, where we have covered significant amendments under company law, foreign exchange laws, securities laws and environmental laws

Key updates under the Companies Act, 2013

  • Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023
  • Companies (Compromises, Arrangements, and Amalgamations) Amendment Rules, 2023
  • Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2023
  • Limited Liability Partnership (Amendment) Rules, 2023
  • Companies (Accounts) Second Amendment Rules, 2023

Key updates under Foreign Exchange Laws

  • Amendment to the Remittances to International Financial Services Centres ("IFSCs") under the Liberalised Remittance Scheme ("LRS")
  • Guidelines on Default Loss Guarantee in Digital Lending

Key updates under Securities Law

  • SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2023
  • SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023.
  • SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2023.
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